Law on Private Corporation

In year 2016, Rainbow Corporation successfully started its operation in manufacturing of rubber boots and slippers. For having a big capitalization realized, 75% of its liquid asset was deposited in ABC Bank. The corporation utilized only 25% for its machineries, equipment and other supplies. In 2021, Rainbow Corporation plans to sell the machineries and equipment. Do you consider it to be sale of substantially all of the assets of the corporation? ( 10 pts.)